The global Context Aware Computing Market is projected to generate revenues surpassing USD 125 billion by 2024. It can expand at a CAGR over 30% during the forecast period (2016 to 2024). CAC refers to a system of offering relevant information to users. This information is determined by the conditions that surround people, places, and things. The primary aim of this system is to ensure quality interactions between end users and businesses. Growing popularity & importance of context will fuel the global market during the forecast period. Demand for greater productivity & collaborations may further add to industry growth.

Products, applications, and regions are the parameters based on which the global context aware computing market is segmented. On the basis of products, the industry is categorized into location aware information delivery, office assistants, peoples & object pages, and shopping assistants. Web browsers, active phones, cyber guides, fieldwork, and augmented reality & guided systems are the remaining products that dominate the market.

Based on applications, the worldwide market is divided into healthcare, banking, insurance, financial services, telecom, IT (information technology), transportation & logistics, and government. The other prominent end users are travel & hospitality, manufacturing, retail, academia & education, and oil & gas. Telecom & IT was valued over USD 4 billion in 2014. It can register a CAGR nearly 32% during the forecast period and reach approximately USD 16 billion by 2024. Banking, financial services & insurance (BFSI) can grow at a 34% CAGR from 2016 to 2024.

Based on regions, the global context aware computing market is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. North America is led by the U.S. which is the biggest regional market for context aware computing. High demand for personal electronics in a number of regional industries can propel the global market in the years to come. The Latin America & Asia Pacific markets are anticipated to expand robustly. Europe can also contribute significantly to the overall industry over the next couple of years.

About Us:Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.